VEON LTD (VEON) Stock Technical Analysis
NASDAQ:VEON - Nasdaq - US91822M5022 - ADR - Currency: USD
We assign a technical rating of 10 out of 10 to VEON. Both in the recent history as in the last year, VEON has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that VEON is one of the better performing stocks in the market, outperforming 95% of all stocks. We also observe that the gains produced by VEON over the past year are nicely spread over this period.
VEON is part of the Wireless Telecommunication Services industry. There are 22 other stocks in this industry. VEON outperforms 95% of them.
VEON is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month VEON has a been trading in the 41.54 - 47.50 range, which is quite wide. It is currently trading near the high of this range.
VEON has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 46.01. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 44.51, a Stop Loss order could be placed below this zone.
More info and screens
30.86
46.56
When analyzing the support we can see 5 important areas.
- A support zone ranging from 44.11 to 44.51. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 41.70 to 42.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @35.93 from a trend line in the daily time frame.
- Support @32.49 from a trend line in the weekly time frame.
- Support @31.17 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 46.01 to 46.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.96
Mansfield3.84
10 Day High47.5
10 Day Low41.54
20 Day High47.5
20 Day Low41.54
52 Week High48.39
52 Week Low22.17
Performance
1 Week-0.48%
2 Weeks6.36%
1 Month0.62%
3 Month45.04%
6 Month66.13%
12 Month91.37%
2 Year157.91%
3 Year252.96%
5 Year-8.14%
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.06
RSI(14)58.3
LBB41.4
UBB46.82
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 46.11 | 44.10 | 2.01 (4.36%) | 22.94% |
| An entry @46.11. This is a Buy Stop order right above the resistance zone. | An exit @44.10. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.01 points, which is 4.36%. | When investing 22.94% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of VEON. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
45.47
-0.52 (-1.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryWireless Telecommunication Services
Performance
% Chg-1.13%
1 Week-0.48%
2 Weeks6.36%
1 Month0.62%
3 Month45.04%
6 Month66.13%
12 Month91.37%
2 Year157.91%
3 Year252.96%
5 Year-8.14%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.58
ATR(20)%4.04%
ATR Inc-21.37%
Range Today1.02
ADR(20)1.73
ADR(20)%3.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.96
Mansfield3.84
10 Day High47.5
10 Day Low41.54
20 Day High47.5
20 Day Low41.54
52 Week High48.39
52 Week Low22.17
CS1 End44.51
CR1 Start46.01
Volume & EV
DER(3)-3.67%
DER(5)-5.66%
Volume116.30K
Volume Incr24.66%
Vol(5)152.52K
Vol(50)122.67K